Is Buying Midland States Bancorp Incorporated (NASDAQ:MSBI) Here Good Idea?

February 15, 2018 - By Marguerite Chambers

The stock of Midland States Bancorp Incorporated (NASDAQ:MSBI) registered an increase of 6.14% in short interest. MSBI’s total short interest was 491,300 shares in February as published by FINRA. Its up 6.14% from 462,900 shares, reported previously. With 51,900 shares average volume, it will take short sellers 10 days to cover their MSBI’s short positions. The short interest to Midland States Bancorp Incorporated’s float is 4.14%.

The stock increased 0.53% or $0.16 during the last trading session, reaching $30.25. About 150,796 shares traded or 186.21% up from the average. Midland States Bancorp, Inc. (NASDAQ:MSBI) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Midland States Bancorp, Inc. operates as a financial holding firm for Midland States Bank that provides banking and financial services and products to individuals, businesses, municipalities, and other entities. The company has market cap of $577.57 million. The companyÂ’s deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits. It has a 20.61 P/E ratio. The Company’s loan portfolio comprises commercial lending products consisting of owner occupied commercial real estate loans, commercial real estate investment loans, real estate construction loans, multifamily loans, and loans to purchase farmland and finance agricultural production; commercial loans, such as business term loans, equipment financing, and lines of credit; and residential first and second mortgage loans, and home equity lines of credit, as well as consumer installment loans, including loans to purchase cars, boats, and other recreational vehicles.

Midland States Bancorp, Inc. (NASDAQ:MSBI) Ratings Coverage

Among 3 analysts covering Midland States… (NASDAQ:MSBI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Midland States… had 5 analyst reports since June 20, 2016 according to SRatingsIntel. DA Davidson initiated it with “Buy” rating and $28 target in Tuesday, June 21 report. As per Monday, August 28, the company rating was maintained by Keefe Bruyette & Woods. Wood initiated Midland States Bancorp, Inc. (NASDAQ:MSBI) rating on Monday, June 20. Wood has “Outperform” rating and $26 target. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 17. Keefe Bruyette & Woods maintained Midland States Bancorp, Inc. (NASDAQ:MSBI) on Tuesday, October 3 with “Buy” rating.

More notable recent Midland States Bancorp, Inc. (NASDAQ:MSBI) news were published by: Globenewswire.com which released: “Midland States Bancorp, Inc. to Acquire Centrue Financial Corporation” on January 26, 2017, also Globenewswire.com with their article: “Midland States Bancorp, Inc. to Acquire Alpine Bancorporation” published on October 16, 2017, Nasdaq.com published: “Capital Z Partners Management, LLC Buys Midland States Bancorp Inc, Sells …” on August 15, 2017. More interesting news about Midland States Bancorp, Inc. (NASDAQ:MSBI) were released by: Nasdaq.com and their article: “Midland States Bancorp, Inc. (MSBI) Ex-Dividend Date Scheduled for February 15 …” published on February 14, 2018 as well as Globenewswire.com‘s news article titled: “Midland States Bancorp, Inc. Announces Change in Chief Financial Officer” with publication date: October 26, 2017.